Economy Guide in Suriname
Economic overview, job market trends, income levels, and financial landscape for expats
GDP
$3.62B
Total economic output of the country
HDI
0.73
High human development
Quality of Life
47/100
Below-average quality of life
Purchasing Power
9/100
Very weak purchasing power — limited buying capacity
Cost of Living Index
The Cost of Living Index (CPI) is 43.17, indicating an affordable cost of living compared to NYC. Groceries (53.47) and restaurants (42.93) are also relatively affordable.
Housing Market
The Property Price to Income Ratio is 7.83 years, suggesting an affordable housing market. The Rent Index is 11.05, indicating very low rental costs.
Average Income Levels
The Purchasing Power Index is 20.71, which indicates low buying power compared to NYC.
Tax System
Suriname has a progressive income tax system, with rates starting at 0% for annual incomes up to SRD 108,000 and rising to 28% for higher brackets. The standard Value Added Tax (VAT) rate is 10%. Corporate income tax is generally 36%, though tax incentives are available for foreign investors.
Business Environment
Suriname was ranked 162 out of 190 economies in the World Bank's 2020 Ease of Doing Business report. The business environment is considered 'mostly unfree' (144th in 2025 Index of Economic Freedom), with a developing regulatory framework that can be discretionary for foreign direct investment. While 100% foreign ownership is generally allowed, there is no online business registration.
Social Security
Suriname has a comprehensive social security system (ASV) that includes pensions, healthcare, and unemployment benefits. The National Basic Health Insurance Law provides access to basic care for all citizens, with government subsidies for children and seniors. While coverage is broad, challenges exist in healthcare quality and equitable access in rural areas.
Banking & Financial Safety
Suriname currently does not have an explicit, enacted deposit insurance scheme with a defined coverage limit; legislation for such a system is awaiting parliamentary approval. The Centrale Bank van Suriname oversees the financial sector, which was rated medium-high risk by the Caribbean Financial Action Task Force due to concerns about corruption and money laundering. The non-performing loan ratio was 10.4% in April 2024.
Deposit Protection: up to $0 USD (see sources)More Insights for your Move to Suriname
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